Nomura Securities Maintains a 'Neutral' on CBS (CBS); Let's See Whats On
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Price: $51.53 +3.97%
Rating Summary:
12 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
12 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
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Nomura Securities maintains a 'Neutral' on CBS (NYSE: CBS) price target of $36.00 (from $34.00).
Analyst, Michael Nathanson, said, "Last night, CBS reported second quarter EPS of $0.65, $0.05 better than our penny above-the-street estimate of $0.60. Looking past 2Q, we are incorporating three material changes to our model. Following through 2Q’s beat and these other model changes, we are raising our 2012E EPS by $0.07 to $2.57 and 2013E by $0.10 to $2.92. We now model 3Q CBS network advertising to be -2%, incorporating slower non-primetime dayparts, Olympics impact on scatter as well as a weaker syndication ad barter market. CBS continues to surprise with higher earnings revisions driving the share performance."
F12E EPS from $2.50 to $2.57; F13E EPS from $2.82 to $2.92
For an analyst ratings summary and ratings history on CBS click here. For more ratings news on CBS click here.
Shares of CBS closed at $33.04 yesterday, with a 52 week range of $17.99-$35.00.
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Analyst, Michael Nathanson, said, "Last night, CBS reported second quarter EPS of $0.65, $0.05 better than our penny above-the-street estimate of $0.60. Looking past 2Q, we are incorporating three material changes to our model. Following through 2Q’s beat and these other model changes, we are raising our 2012E EPS by $0.07 to $2.57 and 2013E by $0.10 to $2.92. We now model 3Q CBS network advertising to be -2%, incorporating slower non-primetime dayparts, Olympics impact on scatter as well as a weaker syndication ad barter market. CBS continues to surprise with higher earnings revisions driving the share performance."
F12E EPS from $2.50 to $2.57; F13E EPS from $2.82 to $2.92
For an analyst ratings summary and ratings history on CBS click here. For more ratings news on CBS click here.
Shares of CBS closed at $33.04 yesterday, with a 52 week range of $17.99-$35.00.
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